2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.54

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Nov 5 4:00 PM EST

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To: Cogito Ergo Sum who wrote (27193)	1/3/2008 5:07:56 AM
From: Ilaine	Read Replies (1) of 217545

#2 is the most readable if you are interested in economics more than politics. You really can't understand the collapse of the international gold standard without starting at the events of 1919. It's commonly assumed that the term "gold standard" applied to something naturally set by the free market, but the facts could not be further from the truth. The term applied to a fixed ratio of foreign and domestic exchange rates, and those are very problematic. Look up the history of the British gikd exchange rate, as set by Sir Isaac Newton, and the American gold exchange rate, as set by Alexander Hamilton, see if that whets your curiosity.

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